Examlex
The fixed overhead volume variance relates only to fixed overhead costs.
Expectancy Model
A motivational theory stating that individuals' motivation is determined by their expected outcomes, based on their efforts and the perceived likelihood of success.
Motivation
The psychological forces that compel an individual to take action towards a desired objective, emphasizing the reasons for specific behaviors.
Behavior
The actions, conduct, or functions of a person or animal in response to external and internal stimuli.
Needs Hierarchy Model
A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing: physiological needs, safety, love/belonging, esteem, and self-actualization.
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